my long piece last week<\/a>, the merits of work like this should be assessed every step along the way.<\/p>\nThe company did, however confirm with TechCrunch that its assembled robot (bottom half+top half) took its first step ahead of its one year anniversary. \u201cWe believe that this is the fastest timeline in the industry to date,\u201d it notes.<\/p>\n
This morning the company announced a sizable vote of confidence in the form of a $70 million Series A. The round is led by Parkway Venture Capital and features Aliya Capital, Bold Ventures, Tamarack Global, FJ Labs and Till Reuter, the CEO of industrial arm maker, Kuka Robotics. It follows founder and CEO Brett Adcock\u2019s self-financed $100 million seed to get things up and running.<\/p>\n
\u201cWe\u2019re focused on investing in companies that are pioneers in AI technology, and we believe that autonomous humanoid robots have the potential to revolutionize the labor economy,\u201d Parkway Venture Capital\u2019s Jesse Coors-Blankenship said in a prepared statement. \u201cWe are impressed by the rapid progress that Brett and the team of industry experts at Figure have made in the last year and are thrilled to be a financial partner to provide resources to accelerate the commercialization of Figure 01.\u201d<\/p>\n
These are, indeed, big rounds. There was a pre-pandemic moment when early-stage rounds were ballooning, but economic factors have brought many of them back down to earth. But robots are expensive. I mean, hardware in general is expensive, but robots are next level. That\u2019s especially true with (1) a relatively unproven form factor and (2) the notion of \u201cgeneral purpose\u201d systems.<\/p>\n
There\u2019s a reason you don\u2019t read about purpose-built humanoids: There are far more efficient ways to build robots that do things very well. You start exploring something like a bipedal humanoid robot when you want a system that can do the things a human can.<\/p>\n
Figure is still quite young, having only celebrated its first birthday on May 20, but it\u2019s been aggressively hiring talent from places like Boston Dynamics, Tesla, Apple and automotive manufacturers. In spite of speedy iterations, however, we\u2019ve not seen much in the way of timelines from the company thus far.<\/p>\n<\/p><\/div>\n
<\/br><\/br><\/br><\/p>\n
Science, Tech, Technology<\/br>
\n<\/br>
\nSource:https:\/\/techcrunch.com\/2023\/05\/24\/2546360\/<\/a><\/br><\/br><\/p>\n","protected":false},"excerpt":{"rendered":"Source:https:\/\/techcrunch.com\/2023\/05\/24\/2546360\/ Figure raises $70M to build its humanoid robots 2023-05-24 22:06:42 I spent a bit of time at Figure\u2019s Sunnyvale offices during a recent visit to the South Bay. The firm is currently in that semi-awkward phase where it\u2019s ready to talk about what it\u2019s working on \u2014 but only to a point. That means […]<\/p>\n","protected":false},"author":1,"featured_media":33232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26,17,8],"tags":[],"class_list":["post-33231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-science","category-tech","category-technology"],"yoast_head":"\n
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